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BCG forecasts electrified vehicles to take half of global auto market by 2030; hybrids to dominate

Green Car Congress

In a new report (its fourth on electric car adoption) the Boston Consulting Group forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030. The low cost of gasoline in the US will yield similar results.

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Ford is the fastest-growing auto brand in Saudi Arabia ahead of upcoming overseas EV push

Baua Electric

Ahead of its EV blitz, Ford is currently the fastest-growing auto brand in Saudi Arabia. Ford said it’s currently the fastest-growing auto brand in Saudi Arabia. The company highlighted its new lineup of vehicles , including its first fully electric vehicle, the Mustang Mach-E.

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Volvo suddenly shifts EX30, EX90 production to Belgium to avoid China-made EV tariffs

Baua Electric

Volvo announced it planned to build its new low-cost EX30 at its Ghent plant in Belgium last October. Volvo was already planning to move EX30 production to its Belgium plant as demand for the low-cost compact electric SUV climbed. Volvo’s fully electric cars accounted for 25% of all vehicles sold last month.

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BYD teases bold Ocean-M electric car powered by its new EV platform

Baua Electric

Another fully electric BYD vehicle is set to debut this week. Ahead of its official reveal, BYD is teasing the upcoming Ocean-M electric car, which will be based on its new EV platform. BYD is launching new luxury models, mid-size electric EVs, and don’t forget all-electric supercars.

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Jeep is launching a $25,000 EV in the US ‘very soon’ to revamp the rugged SUV brand

Baua Electric

Another low-cost electric vehicle is headed to the US. A $25,000 Jeep EV is coming to the US soon Jeep’s first fully electric vehicle for the US will officially debut this week. Several rivals already have low-cost EVs rolling out soon, including Volvo’s EX30 ($34,950) and the Chevy Equinox EV ($34,995).

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Volvo hints the EX30 could be exported from Belgium to the US to avoid new EV tariffs

Baua Electric

Volvo began building its new low-cost EV, the EX30, in Zhangjiakou, China, last fall. The EX30 is “one of the best-selling fully electric cars in Europe” in its first few months on the market, according to Björn Annwall, chief commercial officer and deputy CEO at Volvo Cars. It also features up to 275 miles range.

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Toyota plots an all-electric Highlander SUV, will the Tundra and Tacoma be next?

Baua Electric

After a slow start, Toyota is looking to shake things up with its next round of electric cars. Toyota’s second best-selling SUV in the US, the Toyota Highlander, is going fully electric. The Japanese automaker has been notoriously slow in transitioning to fully electric vehicles. of Toyota’s total sales.

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